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This always baffles me. It's still the free market even if regulators sometimes step in to ensure that incentives are aligned and outcomes don't become systemic
by marvin 7y ago
This always baffles me. It's still the free market even if regulators sometimes step in to ensure that incentives are aligned and outcomes don't become systemically catastrophic.
In this case, it would be Boeing going bankrupt, and authorities stepping in to buy the assets to keep operations running if no other entity stepped in to do that. Then selling on the reformed company on the open market afterwards.
- honestoHeminway 7y agoAt what price though? This market is as distorted as agrar-markets. Prices only ever go down, before a intervention happens. (§ Forbidden by law to convert food into fuel etc.).. Same happens to management, if you cant loose it all, but can extract huge bonuses at the same time. No free market anywhere, as far as the eye can see.